CEO

Investment Strategy

BlackRock hires Justin Arter as Australian chief

BlackRock Australia has hired Justin Arter as its country head. Arter replaces Damien Frawley, who joins Brisbane-based Queensland Investment Corporation on July 1. Arter announced on May 18 his departure after two and-a-half years as chief executive of Victorian Funds Management Corporation. He did not specify what company he was going to work.for. Arter also […]
Investment Strategy

BlackRock hires Justin Arter as Australian chief

BlackRock Australia has hired Justin Arter as its country head. Arter replaces Damien Frawley, who joins Brisbane-based Queensland Investment Corporation on July 1. Arter announced on May 18 his departure after two and-a-half years as chief executive of Victorian Funds Management Corporation. He did not specify what company he was going to work.for. Arter also […]
Investment Strategy

Superpartners CEO to quit

Greg Camm, the chief executive of Australia’s biggest superannuation back-office company, says he will quit at the end of August, the Australian Financial Review reported. Citing a letter written by Camm, the newspaper says the CEO is leaving when his contract expires as he is unable to commit to another four or five years at […]
Investment Strategy

Perpetual, Bain trimming costs

On the 16th floor of Perpetual’s Sydney headquarters there are about a dozen people seeking to find ways to produce “further meaningful cost reductions” at the trustee and asset manager, says a person familiar with the matter who spoke on condition of anonymity. The cost reduction team, made up of about six people each from […]
Investment Strategy

John Howard, Hugh Dougherty and investing

New York City. Turn of the century. Markets are booming. Champagne is flowing. Good times. A group of Australian chief executives has been flown to the city that never sleeps by investment bankers, Merrill Lynch. The CEOs are in a hotel conference room together with the chief investment officers of firms such as Capital Asset […]
Investment Strategy

Perpetual CEO Geoff Lloyd’s iron fist in a velvet glove

Perpetual Ltd. chief executive Geoff Lloyd was listening patiently to a homophobic rant. Henri Aram, who says he is “close to 90” years old, was railing against “same sex marriage.” “It’s a very, very substantial problem,” says Aram, who arrived in Australia in December 1938 to escape the Holocaust. He says he has held stock […]
Investment Strategy

QIC appoints Damien Frawley CEO

Queensland Investment Corp. hired Damien Frawley as chief executive of the $60.2 billion asset manager. Frawley, who is in charge of BlackRock Australia, will join Brisbane-based QIC July 1 after leaving BlackRock sometime before that date. Frawley will replace Doug McTaggart who announced his intention to retire last year. QIC says it is the third-largest […]
Investment Strategy

Geoff Lloyd: “I’m very confident” on Perpetual

Geoff Lloyd, Perpetual Ltd.’s new chief executive, is fired up and ready to go. “I’m very confident and excited about the future,” says the 43-year old, who was previously Perpetual’s head of private wealth and retail distribution. Lloyd, who joined Perpetual just 18 months ago, replaces the fired Chris Ryan, who was dismissed by the […]
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